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Posted inAccounting & Auditing

IASB Bends To GAAP On Foreign-Invested Earnings; More

by Tammy Whitehouse October 26, 2004June 13, 2024

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In the interest of global consistency, the International Accounting Standards Board has agreed to adopt U.S. tax rules that overlook the prospective tax liability associated with foreign-invested earnings—at least for now.

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